PHILADELPHIA NATIONAL BANK, GLOBALIZATION, AND THE PUBLIC INTEREST

[...]it should have come as no surprise that the Texas Attorney General, after joining the federal government's suit to stop American Airlines' acquisition of US Airways, decided to withdraw from the case because of the merger's putative impact on jobs in Texas.1 At a news conference in the American Airlines Admirals Club at the Dallas/Fort Worth International Airport, the Attorney General announced an agreement with the merging airlines to locate the merged airline's headquarters in the Dallas/Fort Worth metropolitan area and ensure "that thousands of jobs will remain in Texas. Nations should refrain from applying public interest factors that directly impair the commerce of other nations or handicap the efficiency of foreign firms. [...]they should seek to avoid negative externalities.) To diminish the possibility of discrimination against foreign firms, merger systems should take special care to afford transparency and due process when applying public interest factors to international transactions. 8.